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May 22, 2020

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U.S. leveraged loan defaults at six-year high as coronavirus hits businesses

Market NewsBy Samuel ObayomiMay 22, 2020

U.S. leveraged loan market is part of the main drivers of the U.S. economy. The trailing 12-month default rate increased to 2.8% from 1.8% in 2019. These led the monthly tally of defaults in the U.S. leveraged loan market to hit a six year high which has negative affected businesses and the U.S. economy. Reuters

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